Bellwether stock #9: United Technologies (UTX) - Louis Navellier

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Bellwether stock #9: United Technologies (UTX)
Aug 02, 2009 05:00 PM UTC

Louis Navellier

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Via BloggingStocks:

Filed under: Earnings reports, United Technologies (UTX), Stocks to Buy, Stocks to Sell

bellwether stocks united technologies Another Dow component, United Technologies (NYSE: UTX), beat its bottom-line forecasts, but like most of the companies we've seen, they did so as a result of cost-cutting.

Revenues of $13.2 billion were below the consensus forecast for revenue of $13.92 billion. The diversified manufacturer also cut its revenue guidance for the year, and lowered the high-end of its profit forecast range.

Continue reading Bellwether stock #9: United Technologies (UTX)

Bellwether stock #9: United Technologies (UTX) originally appeared on BloggingStocks on Sun, 02 Aug 2009 12:00:00 EST. Please see our terms for use of feeds.

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